it is tomorrow.not next week..fyi

Hi,

Does anyone have the latest investor intelligence data yet? thanks

scary! even CNBC is talking about it.

Steve,

can the H&S pattern still be considered valid that you discussed last night on QQQQ and RUT 60min chart despite this strong rally off the morning lows?

Anyone know what time Steve/Matt will be posting an update tonight?thnx guys

MATT & STEVE:

you guys have a Merry Christmas and happy holidays. this yr has been the worst in my life time, but you guys have been amazing. so just wanted to thank you for keeping us out of possible trouble and all the hard work

Best,

Tony

can you put out some decent looking financial picks if you think they can go up more? thanks

Matt,

regarding the W pattern on 60 min s&p chart, if it is valid, what target does it measure up to?

Matt/Steve,

not sure if any posted this. but we could make a case where

1200-1313 was wave A

1313- 1263(today low) or may be a little lower- 50% retracements comes in at 1257.

and maybe wave C from these lows . any thoughts?

even though we didn't have positive divergences on S&P, DOW did retest ysterdays low and set up a huge pos. divergences on DJIA 15 min chart.

matt,

i think you posted charts for the 31st of july in tonights update. if you can check.

Updated 15 min SPX chart - folks the market simply bounced off support of these EMA's, the bull flag scenario played out that I put forth this morning (see my previous post from this morning). However now negative divergence will set up on a move that takes out this mornings highs.

does it mean mkt would head lower tomorrow? thnx

Matt,

looks like VIX just broke above the uptrend line at 28

Matt, are the pos. divergences on 60 min still exist? also do you think todays high could b wave 4 and from 1290 is wave 5 before market makes a bottom? thnx

matt/dodger,

do you see neg. divergence on VIX daily chart on this morning divergent high?

matt,

look the bounce was so weak that it couldn't even make it to 1300 or so..is this the 5th wave down you lookin at?

matt,

any thoughts on oil, the neg. divergences continue to build and oil keeps making higher high..

matt,

great call on how NAS/SPX turned down..and forreal Nasdaq is under performing.

last night you posted SPY being in the falling wedge, is that still valid?

Steve,

do you think XLF could have made a double bottom and ready to move up nicely? and that can pull the market up to thus S&P may not test 1300 level? thanks